The Greedy Trader Weekly Analysis
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 5/31/2024 -
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AES Corp. (AES) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergenceDaily  MACD line has moved below its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week for the AES Corp. (AES). During the week, the AES gained 0.68 points, or 3.25%, and closed at 21.59 on Friday, May 31, 2024. Weekly volume was 6% above average.

AES is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AES long-term trend chart]
A long-term downtrend had started on December 13, 2022 at 29.89 and reached 11.43 on October 6, 2023. AES lost 18.46 points, or 61.76%, in 42 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (16.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AES may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See AES medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 11.43 and reached 22.21 on May 31, 2024. AES gained -10.78 points, or -94.31%, in 34 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (16.79) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See AES weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 22, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AES short-term trend chart]
A short-term uptrend had started on May 23, 2024 at 20.47 and reached 22.21 on May 31, 2024. AES gained -1.74 points, or -8.50%, in 8 days. The price is now at the 35.63% retracement level.

Daily Technical Indicators: [See AES daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.11
Bearish
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 65.39
Bearish
Greed/Fear Indicator (GFI) 76.92
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.09
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 89.46
Overbought
Greed/Fear Indicator (GFI) 83.66
Overbought
Moving Average Converg./Diverg. (MACD) -0.01
Trading Signals
Description Value Chart
Monthly Trendline Resistance 22.38
Upper Bollinger Band 22.22
Weekly Stochastic Crossing 21.65
Daily Stochastic Crossing 21.65
Price 21.59
Parabolic System 20.52
20 Day Moving Average 20.49
50 Day Moving Average 18.57
Lower Bollinger Band 18.50
Quarterly Trendline Resistance 17.80
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Electric Utilities 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 20.47
Low Date 05/23/2024
High 22.21
High Date 05/31/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.73
Low Date 04/17/2024
High 22.21
High Date 05/31/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 22.38
Support 16.60
Low 14.69
Low Date 02/27/2024
High 22.21
High Date 05/31/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 17.80
Support 16.79
Low 11.43
Low Date 10/06/2023
High 22.21
High Date 05/31/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 15.84
Support 16.91
High 29.89
High Date 12/13/2022
Low 11.43
Low Date 10/06/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.